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Round your answer to 2 decimal places, for example 100.12. Enter your answers as numbers only , do not include the dollar sign ($) or
Round your answer to 2 decimal places, for example 100.12. Enter your answers as numbers only, do not include the dollar sign ($) or commas.
The PV of a 12-year, $500 annuity is $____ when interest rates are 6%. This means that if you deposit $____ today and earn 6% per year, then you could withdraw $____ per year and your balance at the end of 12 years would be exactly $____ .
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